Using KPIs to kick business goals!

Using KPIs to kick business goals!

What does it take to win the "Business Premiership"? By Luke Nolan With footy finals in full swing and the summer of sport just around the corner, I’ve found myself reflecting on the sports teams I’ve been a part of. I have been fortunate enough to be involved in some successful teams, but I have also been a part of some terrible sides which finished near the bottom of the ladder. All of these teams had the same goal at the start of the year, to win the premiership. The more successf....

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5 reasons why you need trauma cover

5 reasons why you need trauma cover

5 reasons why you need trauma cover By Bree Hanslow Over 18,000 Australians were diagnosed with breast cancer in 2018 (Australian Institute of Health and Welfare). Doesn’t that statistic alone make you think you should have Trauma insurance? Trauma cover is something both men and women should have as part of a well-constructed Insurance Plan. One of the hardest things to be confronted with when you’re unwell is the thought of not having finances to pay the bills or obtain the trea....

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How to Create a Vision for Your Business

How to Create a Vision for Your Business

You will notice that every major company in the world has a vision or mission statement ­ a broad, futuristic idea of what the company will achieve and look like in the future. The five­step process can help you achieve there, but you need to know where "there" is first. I know you must be eager to jump into marketing strategies and get more people flowing through the door, or more sales ringing through the till. Be patient ­ this is important work that will build and contribute to you....

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Choosing the Right Accounting Software

Choosing the Right Accounting Software

Many businesses start out recording financial data in spreadsheets and using an adding machine to balance their budget. While this is a necessary phase, business owners will soon be confronted by the reality that they can’t do it all on their own. A study by software company Xero showed that the two biggest mistakes small businesses make are failing to keep financial records up to date and misunderstanding their tax obligations.   Financial software, coupled with best p....

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Advantages and Disadvantages of BUYING a Business

Advantages and Disadvantages of BUYING a Business

Advantages Buying an existing business offers a sense of security because you have a good idea of what you’re getting for your money.   Existing customers and goodwill   An established business will generally come with existing customers, clients, suppliers and staff. This eliminates much of the effort and expense needed to generate goodwill, branding, advertising and hiring staff.       (more…)....

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Debt Collection

Debt Collection

It goes without saying that a business needs cash flow to keep operating. If too many customers forget, delay or refuse to pay, your business could end up in serious trouble!   Debt collection is an aspect of cash flow management where a lot of businesses underperform. However, it doesn’t have to be difficult. If you have the right person for the job and develop a workable protocol, the process of debt collection can be made easier and it will have a positive effect on you....

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